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Showing posts with the label #DeFi

Bitcoin Follows Wall Street Crash by Tumbling Toward $62K Amid Weak US Jobs Data

This dip was caused by the latest crackdown on crypto mining in China and concerns over environmental sustainability. However, the market quickly bounced back and is now on a steady uptrend. Here are the latest updates and trends in the crypto world: Bitcoin (BTC) Continues to Dominate Bitcoin, the world's first and most popular cryptocurrency, continues to dominate the market with a current market cap of over $1 trillion. It has been the top performing crypto in the past week, with a 10% increase in value. The recent dip did not affect BTC as much as other cryptos, proving its resilience and stability in the market. Ethereum (ETH) Makes a Comeback Ethereum, the second largest cryptocurrency, has also seen a significant increase in value after a dip caused by the Chinese crackdown. ETH is now trading at over $2,000, and experts believe it has the potential to reach its all-time high of $4,000 in the coming weeks. This is due to the upcoming London hard fork and the growing...